Lake Oswego Real Estate Buyer And Seller Agency Relationships
These days real estate is challenging. There are new real estate laws hitting us almost daily with more to come, new financing terms, and when there are many players all involved in the same transaction, it is a maze that sellers and buyers walk through. As a knowledgeable, experienced and educated REALTOR® I know market conditions, financing, and I keep tabs on all the new laws and regulations to assist you.
BUYING LAKE OSWEGO REAL ESTATE
Now you've decided to buy a house. Do you become a customer or a client? You might think both words mean the same and are interchangeable. However, when it comes to representation in a real estate transaction, there are different types of relationships that we as REALTORS® are able to provide.
The short and simple version is that it comes down to the type of agency relationship you have with your real estate agent/brokerage and whether there has been disclosure and a signed agreement. There are other types of agency relationships, but I am only including the basic and most common types here.
The National Association of REALTORS® Code of Ethics requires all REALTORS® disclose whether they represent the buyer, the seller, or both parties. Laws governing the method and timing of the disclosure can vary in each state.
REAL ESTATE AGENCY DISCLOSURE
There are several ways, as a buyer or seller, in which you become a client of a real estate agent/brokerage. Most have to do with the type of agency agreement you have entered into with your REALTOR® which dictates the kind of representation you will receive in a transaction. Laws and relationships vary state-by-state. There are other types of agency relationships, but I am writing this post based on the most typical scenarios in Oregon:
As stated, since this post is based on Oregon rules and regulations, they can vary from state-to-state. If you want full representation in all real estate related transactions, become a client rather than a customer of a REALTOR® and their brokerage in Oregon.
For any further assistance regarding disclosure or questions, please consult with a Real Estate Attorney.
SEARCH FOR REAL ESTATE
There are links above to search for real estate. I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.
Thinking of Selling Your Lake Oswego Home?
Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low but are increasing, and there is still a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today's real estate market, please call me at 503-804-9685.
Moving to Lake Oswego?
Want to know more about Lake Oswego? I'd love to be your buyer's agent, please give me a call at 503-804-9685.
I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is 'hot' here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! 'There is no substitute for experience.'
ALL ABOUT.....Lake Oswego Real Estate. Copyright 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.
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